Global Business

Global Business

Feud over container handling rates disrupts Ctg port operations

Disputes between berth operators and shipping agents slow handling at six jetties

1d ago

Humankind’s Comparative Advantage

A seeker at an early age, Yuval Noah Harari has written about human evolution as a philosopher and historian.

1d ago

Asian markets drop as trades fret over US inflation, rates outlook

Sentiment was also clouded by data showing that Chinese consumer inflation remained almost non-existent despite a raft of stimulus measures in the final three months of last year.

1d ago

China inflation hits nine-month low in December

For the whole of 2024 prices were up 0.2 percent, the same as the previous year.

1d ago

Fitch flags concerns over 'significant' US fiscal policy challenges

Congress has had frequent battles in recent years over the best way to tackle growing spending commitments, with lawmakers divided over whether to tax more, spend less, or do both at the same time.

2d ago

Samsung warns fourth-quarter profit to miss forecasts

The announcement comes after the world's largest memory-chip maker issued a rare apology in October acknowledging it was facing a "crisis" and that questions had arisen about its "fundamental technological competitiveness and the future of the company".

2d ago

US trade deficit widens in November on imports jump

With Trump set to take office later this month, trade imbalances in the world's biggest economy could again come under the spotlight.

2d ago

Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay

Samsung is expected to estimate its operating profit rose to 8.2 trillion won ($5.6 billion) in the quarter ended December

3d ago

What forcing Google to sell Chrome could mean

Elon Musk's AI startup could conceivably be a Chrome contender, bankrolled by his riches and having the deal cleared thanks to his close working relationship with incoming president Donald Trump.

1m ago

Nvidia CEO says will balance compliance and tech advances under Trump

The US chipmaking giant this week reported record high quarterly revenue on the back of strong AI chip demand, though investors are wary of US-China tensions reheating during a new Trump term.

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Sri Lanka's president makes U-turn on IMF bailout

The $2.9 billion loan secured early last year required Colombo to sharply raise taxes, remove generous energy subsidies and agree to restructure more than 50 loss-making state enterprises.

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Nvidia crushes earnings expectations on AI chip demand

Nvidia reported quarterly sales of $35.1 billion, some $2 billion more than market expectations.

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Adani plunges in Mumbai on founder's charges as Asian markets retreat

Several listed subsidiaries of the Adani empire collapsed in early trade, with some losing as much as 20 percent

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Nokia wins 'multi-billion' dollar deal in India

Sources familiar with the talks told Reuters last month Nokia and Bharti were nearing a deal worth several billion dollars to expand Bharti's network in India.

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UK annual inflation jumps on higher energy bills

The Consumer Prices Index reached 2.3 percent from a three-year low of 1.7 percent in the 12 months to September, the Office for National Statistics said in a statement

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Bitcoin breaches $94,000 for the first time

It was last at $92,104 in Asian hours on Wednesday, having touched a record high $94,078 just toward the end of the previous session.

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IMF, Ukraine, reach agreement on $1.1 bn loan disbursement

The swift agreement, which comes just over two months after the last one, will provide Ukraine with a large injection of funds amid Russia's ongoing assault on the country, which entered its 1000th day on Tuesday.

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Trump names China hawk Howard Lutnick as US commerce secretary

Lutnick will also lead the country's tariff and trade agenda, with "additional direct responsibility for the Office of the United States Trade Representative," Trump said in a statement.

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